Common use of Federal Reserve Clause in Contracts

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser Group may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital capital and Yieldinterest) under this Agreement and any other Transaction Document to secure obligations of such Committed Purchaser Group to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral AgentAdministrator or any other party; provided that no such pledge or grant of a security interest shall release a Committed Purchaser Group from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser Group as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement herein to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any interests in the Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of any Seller Party, the Seller Administrative Agent, any Managing Agent or the Collateral Agentany other Purchaser; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may Group may, at any time time, pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital capital and Yieldinterest) under this Agreement and any other Transaction Document to secure obligations of such Committed Purchaser Group to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral AgentAgent or any other party; provided that no such pledge or grant of a security interest shall release a Committed Purchaser Group from any of its obligations hereunder, hereunder or substitute any such pledgee or grantee for such Committed Purchaser Group as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest its portion of the Asset Portfolio and any rights to payment of Capital and Purchaser Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest Receivable and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, any other Purchaser or the Collateral any Agent; provided that no such pledge or grant of a security interest shall release a Committed any Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, any other Purchaser or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Note Purchase Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Series 2012-VFN Note of such Purchaser Interest and any rights to payment of Capital capital and Yieldinterest) under this Note Purchase Agreement and any other Series Document to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Transferor or the Collateral AgentAdministrative Agent or any other party; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser PurchaserFinancial Institution may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser PurchaserFinancial Institution to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser PurchaserFinancial Institution from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser PurchaserFinancial Institution as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest Receivable and any rights to payment of Capital and YieldYield or CP Costs) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, any other Purchaser or the Collateral any Agent; provided that no such pledge or grant of a security interest shall release a Committed any Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, the Agent or the Collateral Agentany other Person; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.hereto.11

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, the Administrative Agent, the Agents or the Collateral Agentany Purchaser; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.. {RESERVED}

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice and the foregoing provisions of this Article XII shall not apply to any such pledge or consent grant of the Seller or the Collateral Agenta security interest; provided provided, that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest its portion of the Asset Portfolio and any rights to payment of Capital and Purchaser Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from 737579529 11089703 45 12794124v1 any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest its portion of the Asset Portfolio and any rights to payment of Capital and Purchaser Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.. 742081002 11089703 45

Federal Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller Seller, the Administrative Agent, the Agents or the Collateral Agentany Purchaser; provided that no such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto.